Capital Market Featured Finance

Naira loses marginally against the dollar at parallel market

By Aliyu DANLADI

The Naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N359.2 to the dollar.

The Nigerian currency had traded at N359 on Wednesday, while the pound Sterling and the Euro closed at N481 and N416.5, respectively.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N481 and N416.5, respectively.

Trading at the investors’ window saw the naira close at N362.25, while it closed at N305.70 at the CBN official window.

Currency traders attributed the marginal loss to low activities at the market and the boost in liquidity at the foreign exchange market by the CBN.

Related posts

World Bank pledges $200m to repair Ukraine energy infrastructure

Editor

NNPC targets 1bn crude oil reserves yearly – Baru

Editor

Ambode tasks judiciary on quick dispensation of justice

Editor

EKEDC aims to meter 600,000 customers over 5 years, targets improved service delivery

Editor

Indimi to establish 10, 000 hectares of farm at Unilorin

Editor

High electricity costs overwhelm South South, South East businesses

Our Reporter